Phoenix

$1,342/mo

1BR $1,134 · 2BR $1,312 · −2.0% vs. a year ago · −0.5% vs. last month

Median rent on new leases, all apartment classes.

As of Oct 2026 · Apartment List Rent Estimates (Oct 2026) · published 2026-10-28

Data coming

We only publish a Class A-only figure once we have a free, citable source for it. Until then, use the market-wide number and the concession rate as a guide.

7.7%

8.4% a year ago (−0.7 pts)

Apartment List Vacancy Index (properties listed on its platform, skews professionally managed).

As of Oct 2026 · Apartment List Vacancy Index (Oct 2026) · published 2026-10-28

58%

of properties advertise a free month or more, vs. 51% a year ago (+7 pts).

Share of properties advertising at least one free month (or equivalent) on new leases. Median time on market: 36.3 days.

As of Oct 2026 · Apartment List Concession Rates (Oct 2026) · method

Download the data

7,222

units in 5+ unit buildings permitted Jan–Sep 2026, vs. 8,566 in Jan–Sep 2025 (−16%). Fewer permits now means less new supply competing for renters once those projects deliver, typically a couple of years out.

Permits are an early signal, not deliveries. Under-construction counts: data coming.

As of Sep 2026 · U.S. Census Bureau Building Permits Survey, CBSA monthly (Sep 2026 YTD vs Sep 2025 YTD) · accessed 2026-11-11

Census CBSA file (XLS)

None yet. Seen a free-rent offer at a Class A property here? Send it in; we check each one before it goes up.